Lakeview Terrace / Lakeview Tahoe median real estate price is $1,940,432, which is more expensive than 81.6% of the neighborhoods in California and 95.8% of the neighborhoods in the U.S.
The average rental price in Lakeview Terrace / Lakeview Tahoe is currently $1,974, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 90.3% of California neighborhoods.
Lakeview Terrace / Lakeview Tahoe is a rural neighborhood (based on population density) located in South Lake Tahoe, California.
Lakeview Terrace / Lakeview Tahoe real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Lakeview Terrace / Lakeview Tahoe neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Lakeview Terrace / Lakeview Tahoe. The current real estate vacancy rate here is 43.2%. This is higher than the rate of vacancies in 98.1% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (41.5%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
There are more people living in the Lakeview Terrace / Lakeview Tahoe neighborhood employed as sales and service workers (46.7%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.
In the Lakeview Terrace / Lakeview Tahoe neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 24.3% of residents here. This is a higher proportion of walking commuters than we found in 98.7% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Despite all of the residential real estate here in the Lakeview Terrace / Lakeview Tahoe neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 43.2%, which is higher than 98.1% of all U.S. neighborhoods.
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Lakeview Terrace / Lakeview Tahoe neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Lakeview Terrace / Lakeview Tahoe neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 64.0% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 97.3% of U.S. neighborhoods. Less time commuting means more time for other things in life.
If you're planning where to retire, the Lakeview Terrace / Lakeview Tahoe neighborhood in South Lake Tahoe is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in CA, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 88.2% of the neighborhoods in California. If you are considering retiring to California, this is a good neighborhood to look at.
Did you know that the Lakeview Terrace / Lakeview Tahoe neighborhood has more Brazilian and Romanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.7% of this neighborhood's residents have Brazilian ancestry and 1.2% have Romanian ancestry.
Lakeview Terrace / Lakeview Tahoe is also pretty special linguistically. Significantly, 15.2% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 99.8% of the neighborhoods in America.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Lakeview Terrace / Lakeview Tahoe neighborhood in South Lake Tahoe are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 72.8% of the neighborhoods in America. With 32.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 84.3% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Lakeview Terrace / Lakeview Tahoe neighborhood, 53.3% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 19.7% of the residents employed. Other residents here are employed in executive, management, and professional occupations (14.6%), and 12.4% in clerical, assistant, and tech support occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Lakeview Terrace / Lakeview Tahoe neighborhood is English, spoken by 47.4% of households. Other important languages spoken here include Spanish, Tagalog (the first language of the Philippine region), Italian and Polish.
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Lakeview Terrace / Lakeview Tahoe neighborhood in South Lake Tahoe, CA, residents most commonly identify their ethnicity or ancestry as Asian (27.7%). There are also a number of people of Mexican ancestry (23.5%), and residents who report German roots (12.8%), and some of the residents are also of Italian ancestry (5.7%), along with some English ancestry residents (3.7%), among others. In addition, 39.9% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Lakeview Terrace / Lakeview Tahoe neighborhood spend under 15 minutes commuting one-way to work (64.0% of working residents), one of the shortest commutes across America.
Here most residents (46.3%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (24.3%) and 21.5% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.